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CNBC 4
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CNBC
Dec 26, 2012 3:00pm EST
. >> not easy because you don't say anything consistent. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him more leverage. >> yes. >> his treasury secretary said that. tim geithner said that on cnbc. >> right. >> well, look, i mean, first of all, i don't believe he wants to go over the cliff, but if we go over the cliff, the economic downturn only occurs as others have said in this very segment if we stay over. if we go over and quickly reverse the damage. it's not good. it's bad, but it's a lot better than the recessionary scenario of staying over. >> rick? >> i listened. doesn't change my mind what. are you going to be saying four years from today? >> we didn't exp
CNBC
Dec 24, 2012 12:00pm EST
of the tax situation and pending cuts, do you see anything from the fiscal cliff? >> i think the average consumer doesn't understand the fiscal cliff but i think they watch the news and understand something is wrong and people are very worried about it. i think that the way things stand now, if we do go over the cliff, it is going to be most of an impact for lower end consumer. i think the higher end consumer still has an ability to spend. certainly maybe a bit more cognizant of impaktd opinion but their ability to spend on discretionary categories, it is not hammered to the extent it'll cause major pull back in spending and categories of things we cover. maybe they won't buy boats and homes, but i think sweaters and watches will sell good in that category. >> that is certainly a big, big worry but again a worry for lower end consumer. more so than the higher end consumer. if you look at employment trends, high end versus low end, it is a very different story and i think that the lower end consumer is the consumer i'm most worried about if we good over the fiscal cliff. >> what do you th
CNBC
Dec 27, 2012 3:00pm EST
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CNBC
Dec 31, 2012 3:00pm EST
'm disappointed if they agreed to raise taxes and they will also undo the spending cuts. >> there are others like you not voting for it because we don't want to see taxes go up and essentially we go over the fiscal cliff, are you saying you would rather go over the fiscal cliff than vote for tax hikes? do you think it's going to get past the house? >> i don't know if it will pass the house. and the president seems intransigent. he seemed put off on having to be back in washington, d.c. off his hawaiian vacation. but at the end of the day i think there'll be some washington deal that will raise taxes at a level that won't help jobs. the president didn't want to do the spending cuts side and just raise taxes. and that is just a deal. it's not a solution in my book. >> where do woe go from here, mya, to get what you would want as a solution? what next? >> i do think this is a lost opportunity on two fronts. that we're not replacing the fiscal cliff with a big comprehensive debt deal that would actually fix the problem. and it's a lost opportunity that we seem to be back in washington the same old fi
Search Results 0 to 3 of about 4